Oceanfirst Financial Corp. · NASDAQ:OCFC
Oceanfirst Financial — Investor Presentation (June 2004)
18 slides from Oceanfirst Financial's investor presentation, Jun 18, 2004
Slide 1: OceanFirst Financial Corp. Investor Presentation June 2004
Exhibit2004 OceanFirst INVESTOR JUNE NASDAQ: 1 99.1Financial OCFC PRESENTATION Corp.
Slide 2: Forward-looking statements
OceanFirst This statements effect changes Reserve accounting Company circumstances NASDAQ: 2 presentation of Board, in future does are interest principles Financial OCFC after generally not plans thecontains rates, undertake quality the or Corp. anddate strategies identified general guidelines. cert
Slide 3: OceanFirst Today
OceanFirst Holding York $1.8 Focusing Transitioning Columbia Growing NASDAQ: 3 Billion Citycompany non-interest on and Equities, Financial OCFC in community the Philadelphia Assets Bank’s for Ltd. Today income the -17–bank balance 102 OceanFirst wholly through year deposit sheet owned oldBank and ma
Slide 4: Solid Growth Six Years Ended December 31, 2003
SixDecember At Total Core Year 2003 Earnings Annual Return Fees NASDAQ: 4 Solid and Ended Deposits 1997 Loans on Dividend Services Per Years Equity CAGR OCFC December $1,432,927,000 Share 31 756,363,000 of14.84% per Charges Growth $1.53 Share 31 $.59 6.00% $7,860,000 322,324,000 .80 $ 794,316,000 17
Slide 5: Total Shareholder Return 12/31/96 to 12/31/03
Total 20% Average 25% Nasdaq 21.8% 19.7% 6.8% SNL NASDAQ: OceanFirst 5 Thrift Shareholder US annual 15% Index OCFC Market 10% total Return 5% shareholder 0% return for the period from 12/31/96 to 12/31/03
Slide 6: Business Focus and Market Plan 2004-2006
Business Focus Market Grow Deliver Emphasize NASDAQ: 6 non-interest oncommercial allPlan definancial the OCFC novo 2004-2006 Bank’s branch revenue lending services unique and through services within core position account the the toas continued local Bank’s the development businesses, largest defined
Slide 7: Recent Management Reorganization
Recent Completed Organize Thirty Chief Over NASDAQ: 7 18 Administrative Sales years Management years byin OCFC Officer of function May experience retail2004 – banking Reorganization Officer Vito rather toin R. facilitate than retail –Nardelli experience Joseph product banking market R. with line Ian
Slide 8: Ocean Bank Deposit Market Share
Ocean # Bank Total Average Market Fleet Commerce Wachovia/First Hudson Sovereign OceanFirst Investors SI *Source: NASDAQ: 8 ofBank Branches Bank Deposits County Share City 6Size Sheshunoff—data 5$31 41 16 14 $OCFC 369,646 Savings 431,445 (000) $% $Deposit (000) 1,194,630 Union 1,540,929 1,425,535 99
Slide 9: The Changing Deposit Mix
The Changing December March 2006 Savings CD’s Checking NASDAQ: 9 Goal 67% 33% 25% 31, &40% 9% 31% 31, 2004 MMDA OCFC 1997 Deposit 24%Mix 36% 35%
Slide 10: Loan Portfolio Lending Growth
Loan Residential Bank $476 An Commercial $100 Receivables Joint * NASDAQ: 10Source: additional Residential/Commercial million Portfolio is among Experian OCFC Lending of Lending originated in $557 Growth $258 the highleading Marketrac million Market million quality Growth in 2003 residential origina
Slide 11: The Changing Loan Portfolio Mix
The Changing December March 2006 Consumer Commercial Residential NASDAQ: 11 Goal 31, 31, 2004 6% 7% OCFC 90% 76% 68% 4% 18% 25% 1997 Loan Portfolio Mix
Slide 12: Revenue Mix Goal 2006
2006Interest December Non-Interest Net Excluding NASDAQ: 12 Goal 31, gain OCFC Income Income 1997 2003 (loss)70% 94% 75% as 6% 25% 30% onasales % ofof Revenue securities.
Slide 13: Retail Branch Growth
RetailEgg Successful From Additional Concordia Little Whiting NASDAQ: 13 1996 Branch branch Harbor branch de branch through OCFC novo In-Market to branch enlarged activity bebranching 1Qrelocated 04, Growth scheduled in 9and branches our with to relocated growth a emphasis more to were open market c
Slide 14: Successfully Managing Capital
Successfully Historical Repurchase Eleventh 100% Quarterly Currently, Wholesale Effective Capital Prospective Balance Continued Aggressive NASDAQ: 14 stock Management leverage sheet repurchase leverage cash Recap ashare leverage OCFC cash of dividend 3.6% delivering expansion 15.0 dividend to divide
Slide 15: Excess Capital and Return on Equity
Excess Millions 250 16 Percent 1997 NASDAQ: ROE Capital 15 14200 1998 12capital Management 150 $101999 OCFC 8100 6gradually 42000 50 2 00and 2001 being Return 2002 leveraged on 2003 Average to help Equity build (ROE) ROE
Slide 16: Building Shareholder Value
Building In Management Organize Hire EPS Restore (Compound Prudent Targeting NASDAQ: 16 theGrowth oflong two double additional Additional by desired run, OCFC experienced Annual function Reorganization digit welevels capital think EPS Shareholder EPS rather of bankers the growth growth leverage appr
Slide 17: Building Shareholder Value (cont'd)
Building Effective Outsourced Created Net Interest Franchise Successful Columbia NASDAQ: 17 charge-offs Rate position Additional risk value Equities community OCFC internal Risk management amounted enhancement ofcontrolled initiatives Chief audit Shareholder banking Risk function to approximately in
Slide 18: NASDAQ: OCFC
NASDAQ: OCFC 18
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